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The Coyote portfolio 4 Build-to-Rent Properties Offered at £71,000,000 in Multiple Locations
Investment Highlights
- The properties are all situated within easy walking distance of their respective city centres
- The assets are exceptionally well managed and maintained
- Modern residential (C3) assets developed between 2022 - 2024
Executive Summary
The Coyote Portfolio comprises four stabilised freehold and Scottish freehold assets located in Glasgow, Nottingham, Newcastle and Leicester, all of which are Russell Group or multi-university cities. Each property is situated within easy walking distance of its respective city centre and/or major transport interchanges.
The portfolio consists of modern residential (Use Class C3) assets developed between 2022 and 2024, extending to a total of 235,973 sq ft (21,922.6 sq m) and comprising 405 high-quality apartments. The assets are exceptionally well managed and maintained, benefiting from a strong and proven trading history.
The portfolio offers multiple asset management opportunities and is currently 96% let, generating an aggregate current passing rent of £5,649,594 per annum. The estimated rental value, assuming full occupancy, is approximately £6,131,900 per annum, reflecting £25.99 per sq ft.
Offers are invited in excess of £71,000,000 for The Coyote Portfolio, subject to existing tenancies and subject to contract. At the guide price, the portfolio reflects an attractive gross initial yield of 7.96% and a gross reversionary yield of 8.64% based on ERV, equating to a low capital value of £301 per sq ft (NSA).
Offers for individual properties will also be considered.
The portfolio consists of modern residential (Use Class C3) assets developed between 2022 and 2024, extending to a total of 235,973 sq ft (21,922.6 sq m) and comprising 405 high-quality apartments. The assets are exceptionally well managed and maintained, benefiting from a strong and proven trading history.
The portfolio offers multiple asset management opportunities and is currently 96% let, generating an aggregate current passing rent of £5,649,594 per annum. The estimated rental value, assuming full occupancy, is approximately £6,131,900 per annum, reflecting £25.99 per sq ft.
Offers are invited in excess of £71,000,000 for The Coyote Portfolio, subject to existing tenancies and subject to contract. At the guide price, the portfolio reflects an attractive gross initial yield of 7.96% and a gross reversionary yield of 8.64% based on ERV, equating to a low capital value of £301 per sq ft (NSA).
Offers for individual properties will also be considered.
Property Facts
| Price | £71,000,000 | Number of Properties | 4 |
| Price psf | £238.97 / sq ft | Individually For Sale | 0 |
| Yield | 7.96% | Total Property Size | 297,104 sq ft |
| Sale Type | Investment | Total Land Area | 1.65 ac |
| Status | Active |
| Price | £71,000,000 |
| Price psf | £238.97 / sq ft |
| Yield | 7.96% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Property Size | 297,104 sq ft |
| Total Land Area | 1.65 ac |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Minerva Square
1 Minerva Sq, Glasgow G3 8JT |
Build-to-Rent | 76,966 sq ft | 2023 | - |
|
Wellington Quarter
22-32 Wellington St, Leicester LE1 6HL |
Build-to-Rent | 52,673 sq ft | 2023 | - |
|
Lace Market Quarter
9-10 Short Hl, Nottingham NG1 1HY |
Build-to-Rent | 59,409 sq ft | 2021 | - |
|
Regents Plaza
Regent Farm Rd, Gosforth NE3 3BF |
Build-to-Rent | 108,056 sq ft | 2020 | - |
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